17 May, 2022 – Tallinn – In honor of Bitcoin Pizza Day, CoinLoan has announced that from May 17th to May 31st, users can borrow crypto at just 1.1% APR. This offer applies to all BTC and WBTC loans taken out during the time of the promotion and can apply to one or more loans with 20% LTV.
Bitcoin Pizza Day is an annual celebration of the first transaction made using cryptocurrency on May 22, 2010. The beginnings of this historical event can be traced to four days earlier, on May 18, 2010, when Laszlo Hanyecz logged on to Bitcointalk.org and offered to pay 10,000 BTC to anyone who would be willing to buy and deliver two large pizzas to his door. On May 22, Jeremy Sturdivant took Hanyecz up on his offer and the two traded pizza for Bitcoin. This transaction shepherded in the new era of cryptocurrency as a commercially viable form of payment — an era that has seen explosive growth within the crypto sector.
In the twelve years since that original purchase, the price of Bitcoin has risen at an exponential rate, growing from 1 BTC being worth less than half a cent, to a historic high of $68,000 per 1 BTC in November 2021. While one wouldn’t blame Hanyecz for regretting this purchase in hindsight (the 10,000 BTC he spent would have been worth over $680 million in November 2021), it nonetheless marked the first of many new frontiers for cryptocurrency. The introduction of crypto-backed loans was likewise another major milestone that underscores the viability of crypto as a legitimized form of currency.
Ilya Stadnik, CMO of CoinLoan, said: “This is the second year in a row that CoinLoan has celebrated Bitcoin Pizza Day with a special loan offer beloved by our crypto community. Last year, we were overwhelmed by the response. We wanted to be sure to bring it back this year so our clients, both old and new, can take advantage of this fantastic offering.”
CoinLoan’s Bitcoin Pizza Day promotion will only be available for a limited amount of time. If you have wanted to explore the possibility of crypto-backed loans, now is the perfect time to do so.
More information can be found on CoinLoan’s blog post, here.
John Norris / Emma Dodds
Tel: +44 (0) 20 7250 4770
CoinLoan is an EU-licensed crypto business which started as a project in 2017. Its platform offers loans against crypto assets, interest accounts in crypto, and crypto exchange. These services are rendered both to individuals and corporate entities with the exceptions as required by the applicable laws. We provide our clients with bank-grade security standards and insurance on assets, allowing both corporate and private customers to benefit from the highest levels of protection.
Its highly-competitive loan and APY rates, transparent pricing, and the 24/7 human customer support service have resulted in high customer retention and satisfaction. CoinLoan’s platform allows swapping and managing a comprehensive and growing range of cryptocurrencies, including its native token and fiat currencies.
The company is focused on continuous innovation through state-of-the-art technology and partnerships, bringing customers constant improvements and possibilities within the crypto world.
For more information, please visit us at https://coinloan.io/.